RMP Energy closes asset purchase in West Central Alberta

RMP Energy Inc. has closed the previously-announced purchase of complementary Montney light oil assets located in its core areas of Ante Creek and Waskahigan in West Central Alberta for total cash consideration of approximately $38.0 million.

RMP now holds a total of 106 sections (105.15 net) of land at Ante Creek, Waskahigan and Grizzly, wherein the Company has developed significant technical acumen with the Triassic-age Montney reservoir formation, providing for a significant light oil resource base with an extensive inventory of future, Company-operated drilling opportunities.

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